NZD/USD – 4H – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support level at 0.5485 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.58011 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘%K cross above 20’ indicator layout is existing. The indicator is ‘%K cross above 20’. this is usually a bullish chart scenario. The currency pair could go up.

Besides a ‘Dark Cloud Cover’ candle pattern is existing. The chart shows ‘Dark Cloud Cover’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Dark Cloud Cover’ going down is 60% (Bull Market) & 63% (Bear Market).

0.58011 – 0.57527 – 0.58447 – 0.57539 – 0.58422 – 0.59141 —
0.57197 – 0.56671 —
37.5516265541 – 24.694310384026 —
– —
0.58011 – 1761753600

Trading Signals: FOREX – NZD – NZD/USD – USD – Dark Cloud Cover – – – –